Accepted 21st December, 2015

Abstract

Nigeria is among underdeveloped countries in the world due to persistence energy crises which has weakened the industrialization process and effort to achieve sustainable growth. The role of energy storage is still high in various aspects and there are needs to sustain energy storage to address the energy challenges in the country, most of the various utility companies do not have enough energy to meet the needs of everybody at the same time. The energy sources that can be stored are hydro power, solar power, biomass, wind and fossil fuels. The potential benefit of energy storage earmarked to increase by 40 % over the next 10 years, ranging from 584 MW in 2014 to 2080 MW in 2024. The government and non governmental agencies should promote the storage of available energy in various sectors such as manufacturing, industries, residential buildings and transportation.